Chinese yard Nantong Mingde Heavy Industry has joined forces with US energy outfit Cambridge Energy Group for the development of LNG carriers.
The two parties signed a strategic cooperation agreement which covers plans to develop and construct five 140,000-cbm LNG carriers, with options for four more, and 10 to 12 20,000-cbm to 40,000-cbm LNG carriers.
The pair also hope to build two floating LNG units which would have an export capacity of 2 million tonnes per annum.
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